Commercial Deals

Broken Condos

Broken Condo Development

Office Investment

Retail Repositioning

Office Investment

Broken Condos

9 Condos on North Milwaukee Ave., Chicago:
Purchased in 2013. Over a period of 3 years Elmdale Partners worked to increase rents, improve the physical units, and stabilize the investment. The units were sold individually, maximizing the return on the investment. Last unit sold in 2017.

Broken Condo Development

800 block of Ashland, Chicago
4 Unit new construction development that ended up as an REO. Purchased in 2013, Elmdale finished the construction and rehab of the units. A few were then rented to stabilize the building, and eventually the units were sold individually to maximize return” Last unit sold in 2017.

Office Investment

2 adjacent office buildings, Homewood IL:
Purchased two identical office buildings (15,000sf each) in 2014. Elmdale improved the physical facilities of both buildings. Sold one of the buildings in 2016. 2nd building is now a stable asset both physically and financially.

Retail Repositioning

500 Block of Lincoln Ave, Winnetka IL:
Purchased 15,000sf of prime retail in 2015. Over the next 16 months Elmdale worked to renew leases, improve facilities, and reposition the asset financially. Sold approximately 18 months later.

Office Investment

400 Block of LaSalle, Chicago IL: Office building in Chicago’s River North neighborhood. Stabilization and repositioning work is ongoing. Lease renewal have provided a blended increase of 60%+ and new leases at 100%+ of previous rent.

Residential Deals (less than 12 months):

Through its short-term residential investment arm, Agile, Elmdale Partners invests in value-add residential opportunities. These are generally off-market opportunities Elmdale has access to through our vast professional networks and family of companies. The investments are in residential class (1-4 units) assets. Project time generally run 8-14 months. Physical improvements of the asset can range from minimal work to extensive “gut” rehabilitation of the asset. Agile has been delivering superior returns to its investors.